(A) Reduces both the purchasing power of the dollar and one’s real income
(B) reduces the purchasing power of the dollar and increases one’s real income
(C) Reduces the purchasing power of the dollar but may have no impact on
one’s real income
(D) Increases the purchasing power of the dollar and reduces one’s real income
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The branch banking system is in vogue in most countries of the world in which country was it first developed:
(A) South Africa
(B) UK
(C) Canada
(D) Austrailia
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Which of the following is not a function of a commercial bank:
(A) Accepting public deposits
(B) Granting loans and advances
(C) Undertaking agency functions
(D) Banker to the government
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In which capacity does a person stand to gain from deflation:
(A) As a prisoner
(B) As a debtor
(C) As an enterprenur
(D) As an equity-holder
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The liquidity of trap condition occurs at a:
(A) Low rate of interest
(B) Very Low rate of interest
(C) High rate of interest
(D) Very High rate of interest
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Which of the following is not an instrument of monetry policy:
(A) Taxation
(B) Bank rate
(C) Open market operations
(D) Credit rationing
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“Bad money derives good money out of circulation” with whose name this law is associated:
(A) J M Keneys
(B) Thomas Gresham
(C) L E Mises
(D) R G Hartrawy
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When the commodity value of money and its value of money are equal is called:
(A) Token money
(B) Full bodid money
(C) Quassi-money
(D) Fat-money
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Which of the following is an example of quasi-money:
(A) Bills of exchange
(B) Cheque
(C) Bank notes
(D) Coins